Tianjin Port Development Holdings (3382) investor relations material

Executive summary

• Revenue grew 3.0% year-over-year to HK$6,947 million in 1H2025, driven by cargo handling and ancillary services growth.

• Profit attributable to shareholders fell 17.3% year-over-year to HK$346 million, mainly due to a one-off loss from disposal of non-core assets and lower gross profit.

• Total cargo throughput reached 229 million tonnes, up 0.2% year-over-year; container throughput rose 1.7% to 10.60 million TEUs.

• No interim dividend was declared for the period.

• The international environment remained volatile, with intensified trade protectionism impacting global trade.

Financial highlights

• Gross profit was HK$1,948 million, down 2.0% year-over-year; gross margin declined to 28.0% from 29.5%.

• Net cash inflow from operating activities was HK$1,228 million, down from HK$1,394 million in 1H2024.

• Basic earnings per share was HK5.6 cents, down from HK6.8 cents year-over-year.

• Total assets stood at HK$41,839 million; total equity up 2.3% to HK$31,360 million; shareholders' equity at HK$14,059 million as of 30 June 2025.

• Gearing ratio improved to 15.0% from 15.9% at year-end 2024; current ratio rose to 1.6 from 1.5.

Outlook and guidance

• Global economic growth is expected to slow, with the IMF revising 2025 global GDP growth to 3.0%.

• The group aims to enhance operational efficiency, upgrade green and smart port infrastructure, and expand market development.

• Focus remains on improving customer service, strengthening risk management, and generating better returns for shareholders.

• Forward-looking statements highlight risks from global economic instability and trade protectionism.